LEADING Pan African Bank – Ecobank Zimbabwe – has bankrolled the launch of the 2024-25 summer farming season ceremony to promote the attainment of a food self-sufficient Zimbabwe for all. To be held on November 21, 2024 at the Zimbabwe Agricultural Society (ZAS) Business Hub in Harare, the 2024-2025 farming season launch breakfast ceremony will…
CALEDONIA Mining Corporation says results from its Motapa exploration project are “encouraging” after it highlighted the presence of widespread gold mineralisation over a combined strike length of more than nine kilometers. Motapa is an exploration project acquired in November 2022, located directly adjacent to the group’s Bilboes gold project in southern Zimbabwe. The project was…
Prisca Tshuma Staff Writer ZIMBABWE’S trade deficit grew to US$207,6 million in September 2024, marking a 4,2 percent increase from August’s figure of US$199,1 million, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). Both imports and exports declined in the month under review, widening the deficit. A trade deficit occurs when…
THE government and the European Union (EU) have signed four agreements worth 75 million Euros (over US$80 million) to support to support agriculture, conservation and building community resilience. “Zimbabwe is grateful for the EU support, and today marks another milestone in our cooperation. The support is building upon and reinforcing the investments made under the…
Kudzanai Gerede Companies and Markets Editor AXIA Corporation’s logistics business, Distribution Group Africa (DGA) is expected to put a strain on the group revenue for the current financial year ending June 30, 2025 (FY25) on account of widespread informalisation of the sector in Zimbabwe and foreign currency shortages in regional markets. The business has operations…
TIGERE Property Fund (Tigere) says the demand for value-preserving assets combined with exchange rate volatility has triggered an upward shift in pricing across the real estate value chain. Tigere is a real estate investment trust (REIT) owned by the asset management firm Terrace Africa. It became the country’s first ever publicly listed REIT on the…
Gold hit a record high, as it receives sustained haven demand with investors monitoring the approaching US election and conflict in the Middle East. Bullion edged up to $2 750.34 on Wednesday, beating Tuesday’s peak by about $1, with geopolitical risks taking center stage as traders focused on a tight US presidential race and concerns…
South African Airways (SAA) is currently debt-free and is not looking for additional funding from National Treasury. However, Parliament’s Standing Committee on Public Accounts (Scopa) heard on Tuesday the national carrier requires a capital injection to get back to its “former glory”. The capital is also needed to bring forward some of the plans it…
By Kudzanai Gerede Companies and Markets Editor SUGAR producer Hippo Valley Estate (Hippo Valley) plans to spend US$15 million in the short-term to grow its business and return capital to shareholders, the company said at its 68th annual general meeting this week. The company has been battling unscheduled mill stoppages, a notable decline in yields,…
LIQUEFIED Petroleum Gas (LPG) consumption in Zimbabwe rose by 7,08 percent in the first eight months of 2024, reaching 47,42 million kilogrammes (kgs), up from 44,29 million kg during the same period in 2023, according to latest data from the Zimbabwe Energy Regulatory Authority (ZERA). While this increase might seem like a positive trend, it…
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